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stuart: elections on the bedrock of democracy and on november 6th, we decide. are we america or are we europe? and who leads? good morning. two candidate. barack obama and mitt romney square off last night. in columbus, ohio, bruce springsteen won the cloud for the president but even celebrities could not find a house. in new hampshire, kid rock fronted mitt romney and his wife went to, the place was packed. a very enthusiastic reception. the latest polls, gallup has romney up by one. washington post has obama up by 3 but the sample was skewed the democrats and we got the latest revenues and poll numbers. romney by one, 49-48. 1 twenty million votes will be cast today. it has already begun and "varney and company" is beginning right now. stuart: it is tuesday, november 6th, it is election day. since it is the most critical day of lee year, charles payne is joining the company early. special treat. the mainstream media is pulling for president obama saying signs point to an obama victory but these pictures tell a different story. for the second straight night a packed crowd fo
of a sustained recovery. i'm ali velshi. this is "your money" and i'm going to show you the damage america could do to itself if washington allows us to go over the fiscal cliff. unemployment in the u.s. which has come down to to 20.9%, it could go up another 9%. according to a new research new york post poll, you clearly understand the danger of this fiscal cliff. 50% say it will have a major effect on the economy, 21% say a minor effect, 2% no effect, 10% say they don't know, which is why you're watching this right now. president obama says they're centering around increasing tax on the wealthy which will go a good way in increasing the revenue that he wants to raise in the next decade in an attempt to reduce the federal deficit. he wants to reinstate the bush tax cut which goes to the top 2% of earners. that would jump from 36% to 39%. he likes to say that's where it was during the clinton years. the second one would go from 36% to 39%. he's been focusing on this specific number since his reelection which suggests he may compromise on the actual rates in order to get a deal. there are other t
a dozen years now almost, and it's due in great part to the generous support of rolls royce north america, we thank you for that support. without which we couldn't do this program. it's a pleasure for us to have with us this morning, the chief of staff of the united states army, general ray odierno. general odierno is from new jersey. anybody who is from new jersey these days has been a little bit distracted. new jersey took the brunt of the storm. i grew up in louisiana. we are sort of used to this sort of thing, but we don't usually have hurricanes that have a wind chill and snowfall associated with them. which complicates matters. i hope everyone's all right up there this morning. we have been doing this series recently focusing on where are the military services going? it's a very important point of history. general odierno started in the army back during not the last draw down but the one before that. the one after vietnam. those of you who have been coming to our events know we have been talking about draw downs for some time now. eventually it had to get here and we are now at the
.s. comptroller general. today he's the ceo of comeback america and he's a deficit hawk. the ceo of pimco. hisfirm is one of the largest investors of bonds, and steve moore is a conservative, founder of club for growth and a writer at the wall street journal. i'm going to start with you, steven, my good friend. the fiscal cliff is an immediate threat. both parties need to come together to fix it, because not fixing it would set even fiscal conservatives back, don't you agree? >> yeah, and i think other conservatives agree that he don't want to go off this fiscal cliff, either. i think one hangup that will start on tuesday is the president will say, look, i was reelected to raise those tax rates on the rich, and you know what those republicans are saying in the house, ali? well, you know what, we were electing not to raise those tax rates. you can get agreement on entitlement reform, raising revenues and do some common sense things to get control over the next ten years. we're not that far apart. >> yeah, and i can also grow some hair and look like brad pitt. let me bring mohammad in. in a letter t
. today he's the ceo of come back america. he's an unapologetic deficit hawk. mohammed al arian is the ceo of pim he could. his firm is the largest investors in bonds. and stephen moore is the founder of the low tax advocacy group club for growth. i'm going to start with you, stephen. my good friend, the fiscal cliff is the immediate threat both parties need to come together to fix it because not fixing it would set even conservative fiscal causes back, don't you agree? >> yeah. i think most republicans agree. they don't want to go off this fiscal cliff either, ali. i think the one hang-up in negotiations which will start on tuesday is the president says, look, i was re-elected to raise those tax rates on the rich. you know what the republicans are saying in the snous you no he what? we were reluctant not to raise the tax rates. i think if the president takes the tax rate increases off the table, you can get an agreement on entitlement reform, getting more revenues and doing some kind of honest to goodness common sense things to get this deficit under control. >> right, and i can grow a he
damage that america could do itself if washington allows us to go over the fiscal cliff. according to studies, the average household could pay $3500 more in taxes. unemployment in the u.s. which has come down to 7.9% could head back up above 9% by this time next year. the u.s. could join europe which has been hit by a double dip recession. and according to a pugh research/"washington post" poll, you clearly understand the danger of this fiscal cliff. 68% say it will have a major effect on the economy. 21% say just a minor infect. only 2% say no effect. 10% say they don't know which is why you're watching this right now. president obama's solution to all this is to make a deal centered around increasing taxes on the wealthy which will go a good part of the way to raising the $1.6 trillion in new revenue that he wants to raise over the next decade in his attempt to reduce the federal deficit. he wants to let the bush era tax cuts expire. if that happens, the top tax rate on income would jump from 36% to 39%. he likes to say that's where it was during the clinton years. the second top
education the vast majority of what we do in america k-12 higher education is done by public institutions. it's done by public institutions that are run by states. a lot of other work including most charter schools are nonprofits or famous institutions like stanford and harvard and yale and princeton. and then, however, there's a substantial swath of activity that is for-profits, both for-profits that run schools or colleges. there is also for-profits that sell everything from pencils to paper to textbooks, to curricula, to professional development and school systems and universities and colleges. we don't often think about that. we don't often think about what the upsides, what are the downsides, how does that play out and that's what we really want to get into today. for instance, just recently our friends at parent revolution said, you know, when thinking about the parent trigger that we, you know, there's a need to regulate. we need to think about where to draw the lines and what kind of operators to permit, they choose not to encourage, for-profits be permitted to participate because
that will help the american people to progress. i want to see america -- >> host: you want compromise? >> caller: i want compromise, yes. but i'm going to tell you this, and make no mistake about it, we have people in this country that have completely destroyed rather than try to compromise and try to bring the government to some sort of conclusion where everybody will benefit. some people in this country feel as though other people should not exist or have any benefit and they would do everything possible, spend all their money, disrupt the government and do whatever they can to prevent other people from having a happy life. >> host: let me ask you this. do you think that president obama should govern as if he has a mandate? how far should he pushed, should he be aggressive? >> caller: he has to be aggressive because if he doesn't -- >> host: is that compromise though? >> caller: you can be aggressive and still compromise. let me say this, the congress is the tea party for and if obama or romney or the other was president we would still have trouble because the tea party has an agenda and we ha
which is what we're doing. i don't think, i'm not confident that america will get to grips with it, how about you? >> i'm confident that measured america will come to grips with it. as we know, friedman said over and over again, government spending is taxation, governments don't create resources, they redistribute. and when government spending is high you've got a high tax bill and you wonder why the economy's growing so slowly and little chance that we'll get a major reform in spending over the next two years, and i think after the 2014 elections, stuart, happy to be an american and think you'll see a major shift politically and prosperity is going to be there. it just wasn't our time this time, but it will be in the future. >> i'm always happy to be in america, i ain't leaving, just-- >> i question, we need you here badly. we need you badly. you're just coming of age as you said a little bit earlier at 72, i feel i'm just a spring chicken. what can i tell you? >> wait a minute, you're 72, no. >> yes, i am. stuart: talk my astonishment as a huge compliment, art laffer, incredible. you
, in the asian community, or even less in america, on their way to the same style of life we have, the same energy, the same co2 emission. the end of our planet is possible. but there is an enormous chance for us. what they need our products with lower energy consumption. what they need our energy efficient products. who could better develop this than the united states and the europeans, in cooperation together. to combine innovation on climate change with industry and production. that is possible, but only if we are live. therefore i am in favor of a trade agreement. asked what other obstacles there are. a lot of europeans doubting, but i saw better ground here in the united states, in ohio, and i saw for the first time in a swing state, the co2 question played a major role in the election concerning the coal mining question. to avoid any other misunderstanding, i know what it means to close a coal mine for 35,000 inhabitants, most of them employed in the coal mine. when you close down the coal mine, it was an economic disaster. but today, the coal mine is closed down and you have an econo
. first, congress back to work, and back to bickering. in just under 35 days, america hits the fiscal cliff. that triggers severe spending cuts and tax hikes. several top republicans are now defying party politics and signaling a willingness to consider increasing tax revenues to get a budget deal done. but when the lame duck senate got back in session yesterday it sure sounded like the same old broken record. >> the senate has spoken. president obama has spoken. he's promising he will not sign any bill that mortgages our future to pay for handouts to the wealthiest 2% of americans. i only hope house republicans have been listening. >> we've been responsible, even as we've remained firm on this point. no tax increases now for promised spending cuts that won't materialize later. >> cnn political director mark preston is live from washington this morning. very nice to see you, mark. so the house is back in session today, and so far there are no talks scheduled between top republicans and the president, we understand. >> no, that's true, zoraida. in fact we haven't seen the congressional
is a number one priority. he writes supposedly any day now investors will lose faith in america's ability to come to grips with its budgets failures. when they do there will be a run on treasury bonds, interest will spike and the u.s. economy will plunge back into recession. this sounds plausible to many people because it's roughly speaking what happened to greece but we're not greece. he's saying while this is a real dynamic for some countries, it is not because of the way we fund ourselves, is that right, ben? >> that's right. i would say morning munnize not actually by given name. >> i didn't know that. >> he's right, we're not greece, we're a much larger economy. we can grow our way out of debts and deficits. we've got a ginormous economy. we had a huge black friday weekend. probably $600 billion for the total shopping over the holidays. the question is, as we get close and getting into december, if it looks like talks are breaking down and we have the same old lines on no tax increases for the wealthy versus no spending cuts at all on the left on social security or medicare, then you
bankamerideals, from bank of america. i choose the cash back deals in my mobile or online banking. i just use my bank of america debit or credit card when i pay. and i get as much as 15% cash back -- put into my account. this is on top of other rewards and discounts i already get. best of all -- it's free. happy holidays. [ male announcer ] introducing bankamerideals, free for online banking customers. sign in to your online banking to choose your deals today. free for online banking customers. ♪♪ you can help othersnk along the way. ♪ ♪ a portion of every bottle that they sell goes to fight ♪ ♪ breast cancer and i think that's swell. ♪ ♪ the more you take, the more they'll pay, ♪ ♪ so make them write a big check today. ♪ ♪ and if you're feeling a little slow, ♪ ♪ then 5-hour energy will help you go. ♪ ♪ so buy a bottle of pink lemonade and ♪ ♪ you can help fight breast cancer today. ♪ >> you want to see where our economy is really going? financial analyst say look no further than the 1930s. we may take a trip back to the days when roosevelts election derail
america is and always will be the greatest nation on >> i'm don lemon. good night. >>> sex scandal at the cia. lawmakers now questioning who knew what and when about david petraeus and his extramarital affair. >>> hurtling toward the fiscal cliff. lawmakers leaving the door open for compromise in congress. >> road rage on the nascar track. a crash leads to a wild melee between pit crews on live tv. >> that was ugly. >> it was. good morning, and welcome to "early start" i'm alison kosik. >> good morning, everybody, i'm alina cho. john and zoraida have the day off. it is 5:00 a.m. let's get started. up first, more fallout from the sudden and shocking resignation of cia director david petraeus, because of an extramarital affair. there are new details, and new questions this morning, about an fbi investigation that led to his departure. the fbi uncovered evidence of an affair between petraeus and his biographer paula broadwell, after she allegedly sent harassing e-mails to another woman she jealously thought was too close to petraeus. new york congressman peter king says there are far
changers across america. jim, we love you! come over here! >> bill karins -- oh, no, speaking of -- >> what? >> we call him c.g. for -- >> no, we don't. >> c.g., what do we got? >> now i've got to think of something creative for what c.g. stands for. snow is falling in a few areas this morning, we're looking at new jersey, looks like the suburbs outside philadelphia and new york could see snow. getting ready to treat a lot of those roads. a lot of that eco friendly rock salt. let's show you what's happening on the radar, the pink is where it's a little bit of a mix and the green is the rain. we've set up the boundary line somewhere north of philadelphia and just north of new york city. below that, it's kind of a mix or rainy around philadelphia. little later today, once the colder air moves in, we will see philadelphia changing over to snow. it's not a huge storm, this isn't a big ocean storm, not a nor'easter, a quick event during the daylight hours today. and the temperatures are pretty warm right now. new york city still above 40 degrees, philadelphia near 40, big cities and the airports
in 2011. it creates the largest private label food company in north america. this is a big deal. >> yes, it is. it's big in size in terms of what we've seen in this market. look how excited he is. and they finally got it done. it's been one as you pointed out that was around in 2011. they couldn't get it done. that is conagra. they walked away. ralcorp stock price fell dramatically. they split the post cereal division from ralcorp. the two trade separately. so you did have a company here that perhaps became a little more -- i wouldn't say vulnerable. not as if they were committed to selling. the board composition changed. you have had activist shareholder get on there. that was very quick. october 2nd. they filed a deed not long before that. this board from what i hear and the management said, all right, let's try and get something done with conagra. the last month they've been able to do that. the price perhaps came down a bit. the ask came down a bit to get a deal done at the $90 a share level. >> i think it's important to point out that conagra is up in premarket trading. >> guidance
and talks about raising taxes on the rich. there is a cob stitch whensy in america says it's the right thing to do. boehner says if we had more re-knew we'll get in a different way. we think raising rates hurts the economy and we'll reduce the deductions to get the same place. but with president obama's road show he doesn't answer the question he brought up in 2010. what are you going to do about entitlements and how would you make it better? i don't think raising retirement age will solve the problem. >> brian: my head will explode. we keep saying we have to balance the budget. the math doesn't add up. number two, go in and roll up the shres and get it done behind closed doors. if the media is frustrated, let them be frustrated. he has to go in and make a deal and give the framework out. he did not -- >> bob: the difference this time around he won. >> brian: i want him to go with speaker boehner. here are my cards and what are yours? >> eric: they did that. they did that at the debt ceiling. here is the deal. you come up with $600 billion. we'll have $600 billion. then president obama wante
. remember the confetti falling from the skies all over america when it passed? and republicans saying freedom has died tonight. >> it's still roughly two years away from being fully implemented in 2014. i mean, cushing the costs is the critical component of health care. you talk about curbing the cost of health care, you talk about taxation, the corporate tax rate, capital gains tax rate. you know what all of it is? all of it is about can they govern? can they govern? can we be governed? can the people in washington, d.c., in the house and the senate and the president, can they govern? >> they have to. >> well, they have to. they absolutely have to. >> just to make a point for those who thought that the health care reform law was historic, many people -- i actually assume that most of the five people at this table think that it's a shocking thing that america is the most powerful country on earth before the health care law was passed, had a massive number of many, many millions of uninsured people in the country when every other industrialized country has universal coverage. >> right.
-called fiscal cliff. and just under 35 days now america falls off that cliff. you've heard the menacing sound right there. this triggers drastic spending cuts and tax hikes. now there are some signs of compromise on capitol hill. several top republicans saying they're willing to at least consider raising tax revenues to get a spending plan passed within the next five weeks. however when the lame duck senate returned to work yesterday, it sure sounded like the same old stalemate. >> the senate has spoken and president obama has spoken. he's promised he will not sign any bill that mortgages our future to pay for handouts to the wealthiest 2% of americans. i only hope house republicans have been listening. >> we've been responsible, even as we've remained firm on this point. no tax increases now for promised spending cuts that won't materialize later. >> hardly a political plug there. cnn political director mark preston is live from washington this morning. mark, so far there are no formal fiscal cliff talks scheduled at the highest levels. but the white house just announced that president obama
turkey that i shall be eating tomorrow with two of my wonderful grandchildren, in america, giving thanks that i don't live in france. i left california years ago. i didn't invest in facebook. and oh, mr. trumka, have a nice day. ♪ [ engine revs ] ♪ ♪ [ male announcer ] the mercedes-benz winter event is back, no matter which list you're on. [ santa ] ho, ho, ho, ho! male announcer ] lease a 2013 ml350 for $599 a month at your local mercedes-benz dealer. stuart: just listen to this, china is set to build the world's tallest building in 90 days. its name is sky city. it will be built at the unbelievable rate of five floors per day. question, if unions were involved, it would take 90 days to get the permits, wouldn't it, and just set the scaffolding up, the bureaucracy in america certainly wouldn't help either. don peebles is a real-estate developer. your experience please? >> look, i think that the cause for the delays in building permits is overregulatory environment that we face. obviously we want our buildings to be safe. but the bureaucracy and the regulations of the bureaucracy i
and buybacks and every time they buy back shares, the intangible book value goes up. and bank of america was one of those stocks hit very, very hard within the financial sector in yesterday's selloff. down 7%. that was the steep decline. this call this morning, very bullish. $18 a share by 2015. >> i know. wow. >> 18 bucks. when's the last time it was $18? >> 2000. >> 2007. i don't know. >> i think it was -- went up there in 2010 before it slid down and senator-elect warren is an important figure in terms of getting headlines. she is compelling. she is able to make a lot of noise but she doesn't i think in the end control regulatory regime and put in place. she's just able to back and very effective barber by the way. >> right. >> if that dynamic changes then banks have to recompute, right? right now she is a figurehead of sorts. >> yesterday isn't that the recomputation of the banks? warren was voted in and a sentiment there needs to be or a desire for increased regulation of banlgs and not dodd-frank but elizabeth warren elected to the senate. >> she is a wild card. i was bashing her r
feel a stance. people who feel they are able to teach america a lesson to go over the cliff. the cliff jumpers feel very strongly that they are doing the right thing. while i favor the first amendment, i think it's an important way to be able to discuss things. i cannot -- there's a discussion that says it's great if we jump at of fiscal cliff with the data of what happens so there are people that support jumping off the fiscal cliff as a way to teach america a lesson. >> there will be people that will discuss it every day and people in this markets are focused on it. it's a negotiation. as such even though it will take place in the public realm to a certain extent, we're going to just have to wait. there are those -- i think wall street in some ways seems to be more positive perhaps than the broader populous about the possibility of a deal. it does make sense that a deal will take place. we know that debt levels are unsustainable when you look into the future. we also know that we have a tax regime that needs to be fixed. we know that we're spending too much. we know a lot of those th
there is a significant bloc of republicans in the house who, frankly, might make that kind of a terrible deal for america, and you teed it up exactly right. you're talking about middle class households at risk of a couple thousand dollars increase in their tax liability if the bush tax cuts expire for them. this is the 98% of households that everyone agrees on. and i think the president has a pretty strong point when he says in the interest of the economy and in the interest of the broad middle class, in the interest of an economy that's beginning to show some momentum and recovery, why not agree on that part right away? i mean, we can squabble about the other 2% of households anytime we want. so i think the white house is very smart, both politically and economically, to be pressing that part of the argument. >> jared bernstein, julian epstein, ken vogel, gentlemen, thank you so much. before we go to break, a note on that photo we shared just a few moments ago. a picture posted by mitt romney to his facebook page this thanksgiving weekend. his caption read in part, much to be thankful for this year. a g
's the heartbeat of america. you are the heartbeat of america here. the economic heartbeat. >> major general, thank you for your service as well. >> sergeant johns, great american. >> enjoy the day. >> thanks. >> melissa, over to you. >> thanks, carl. up next, look out saudi arabia, a new report says the united states will become the world's top oil producer. could the prediction come true? we have a top oil analyst to weigh in. apple is taking competitors to task over its patents but today apple calls a truce with another smartphone maker. we'll be right back. i have a cold, and i took nyquil, but i'm still stubbed up. [ male announcer ] truth is, nyquil doesn't unstuff your nose. what? [ male announcer ] alka-seltzer plus liquid gels speeds relief to your worst cold symptoms plus has a decongestant for your stuffy nose. thanks. that's the cold truth! having you ship my gifts couldn't be easier. well, having a ton of locations doesn't hurt. and my daughter loves the santa. oh, ah sir. that is a customer. let's not tell mom. [ male announcer ] break from the holiday stress. fedex office. >> what i'
is not going to solve the problem that america faces. we have to turn to the spending side of the ledger. and furthermore, his tax proposal will kill about 700,000 jobs and do harm to the economy, again the wrong direction. host: and that was the new g.o.p. conference secretary voicing her thoughts on the fiscal cliff negotiations yesterday. and we want you to address the issue of what the g.o.p. is raising, which is address the spending problem. 202 is the area code for our numbers. that's our question this morning in this first segment of the "washington journal." you can also contact us via social media and email. you can make a comment on our facebook page, and finally send us a tweet. here is the hill newspaper from this morning. g.o.p. forget tax rates in talks on the deficit, let's look at the spending. the speaker's swift rejection of an idea floated by representative tom cole of oklahoma, a respected party strategist and former chair of the house g.o.p. campaign committee came as the republicans voiced increasing concerns over the debate of the so-called fiscal cliff. boehner sa
it a go. microsoft, at&t, verizon and bank of america are dropping 1% each. let's take a look at a name that is a clear winner. that is facebook. getting an upgrade today. even though it is down about 25% over the last 26 weeks, the last three months have been a nice run. back to you. connell: thank you. dagen: time to make some money with charles payne. connell: charles, we are waiting to make a little bit of money. charles is heated up about all the issues today. charles: i like this company verifone. you have seen it. nevertheless, this was a hot stock for a long time. recently, it has been derailed. they fell asleep at the wheel. this is one of the lumbering giant that did get caught a little flat footed. dagen: or like we like to say, with its pants down. connell: or like you like to say. charles: [ laughter ] i think they will rebound. they have a base of 23 million users. this tree will say, okay, you know what, they will become a real competitor and realplayer. connell: he agrees 100% with warren buffett. charles: he is moving in the right direction. at least the move from $250,
, we're going to thank him for his work. america didn't. i think he's a miracle worker. i'm going to ask him about sandy. how are the losses of sandy? initially he said things aren't that bad. and about the resurrection of a company that had been left for dead, done by this man, and i think he's a hero of our country. >> army lieutenant in the vietnam war. >> korean. i think he deserves and commands respect. we'll give it to him. and we also have the west point investment club. >> i can't wait for that. let's get to rick and get sentiment numbers. >> holy cow! 84.9. 84.9! why a holy cow? because 82.6, the last look we had was the highest since of fall of '07. 84.9 pushes the envelope to -- going back to july of '07 when it was 90.4. but, caution, asterisk. this is a preliminary november read. all the historical comps i'm talking about are the final reads. it doesn't diminish the fact this is powerful. is this reflecting anxieties, post-election on the fiscal cliff? probably not. anybody who doesn't think there's anxieties there, just pull out your s&p chart. we still have wholesal
Search Results 0 to 31 of about 32 (some duplicates have been removed)